Samsung’s Q2 2015 earnings reveal a small quarter-on-quarter profit increase

Samsung announced its earnings for Q2 2015. In line with its guidance from earlier this month, the Korean giant posted 48.5 trillion won (about $41.7 billion) of revenue and 5.75 trillion won (about $4.9 billion) in net profit.

The company’s financial performance improved on a quarterly basis. However, the company’s profits took a slight dip in comparison to the same period a year ago.

Samsung revealed that strong semiconductor sales helped the company’s profits increase quarter-on-quarter. Low smartphone shipments and high marketing expenses prevented the company from increasing its profits further.

The mobile division of Samsung posted 2.76 trillion won in operating profit in Q2. Improved revenue since Q1 2015 came from shipments of Samsung Galaxy S6 and Galaxy S6 edge smartphones. Shipments of low and mid-range models declined from the previous quarter.

Higher than anticipated demand and supply difficulties prevented Samsung from selling more Galaxy S6 edge devices during the quarter. In order to maintain sales momentum, the manufacturer will adjust the pricing of the Galaxy S6/S6 edge duo.

On the tablet front, Samsung experienced a decline in shipments due to “extended off-season in the market.” Despite the expected negative growth on the market in Q2, Samsung Mobile will look for growth thanks to the Galaxy Tab A series and another upcoming launch.

Samsung also confirmed that it will launch a new device with a large screen in the near future. As you probably heard already, the Galaxy Note 5 is scheduled to debut on August 13.

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